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Non-Cattle Specific Topics
Coffee Shop
Form 6198 At-Risk Limitations
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<blockquote data-quote="talltimber" data-source="post: 1396717" data-attributes="member: 22236"><p>You're truck is >50%, or whatever the cutoff is, used for farm use? No appreciable personal/commuter use? Reason I ask is that I have been told, on a truck bought year before last, by two different tax preparers, was that if it was used more than a limited amount I could only count mileage, but if it was claimed as a "farm truck" it could be depreciated out over five but no mileage (at least until then). Curious as to what's going on and if I'm shorting myself, and need to find a third tax preparer lol</p><p>He has mine at 49.22% farm use.</p></blockquote><p></p>
[QUOTE="talltimber, post: 1396717, member: 22236"] You're truck is >50%, or whatever the cutoff is, used for farm use? No appreciable personal/commuter use? Reason I ask is that I have been told, on a truck bought year before last, by two different tax preparers, was that if it was used more than a limited amount I could only count mileage, but if it was claimed as a "farm truck" it could be depreciated out over five but no mileage (at least until then). Curious as to what's going on and if I'm shorting myself, and need to find a third tax preparer lol He has mine at 49.22% farm use. [/QUOTE]
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Non-Cattle Specific Topics
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Form 6198 At-Risk Limitations
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